Post
Topic
Board Announcements (Altcoins)
Re: [ANN] HORIZON (HZ) New ANN thread
by
markm
on 20/07/2025, 14:34:25 UTC

Oh good!

I think that is a payment from GMC slush fund to GMCF slush fund on behalf of one of the intergalactic mining Corps whose debt is with GMCF.

Initially GMCF's shares were held mostly by GMC rather than by GMCF's own slush fund, so that GMCF is one of the finance Corps from which GMC periodically buys back its GMC currency using shares of GMCF so that it can re-use the GMC currency to continue paying for the DEUterium deliveries.

Some future year the stockpiles of DEUterium will presumably start being used as currency backing commodity, both GMC and GRF have a deuterium token already created to represent DEUterium deliverable from their respective storage depots so one will choose to use GMCDEU or GRFDEU tokens depending on which Corp's depots you intend to have the actual commodity eventually delivered from.

Presumably the profit in that scheme will be the delivery fees unless they also end up floating the price instead of simply using the computed values regularly posted at https://galaxies.mygamesonline.org/deuterium.html


-MarkM-